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U.S. Securities & Futures Corp.

U.S. Securities & Futures Corp. (CRD #36045, New York, New York) received a censure and fine of $7,000, jointly and severally with an individual respondent. In addition, the firm was fined an additional $4,981. According to the findings, the firm failed to promptly amend its Form BD to indicate that a branch office was an Office of Supervisory Jurisdiction (OSJ) and failed to designate the office as an OSJ in its written supervisory procedures. In addition, the regulators found that the firm failed to immediately display customer limit orders in Nasdaq securities in its public quotation when each such order was at a price that would have improved the firm's bid or offer in each such security. Furthermore, the NASD found that the firm failed to accept or decline transactions in ACT within 20 minutes after execution. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C10010014)

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